Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 193)
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Year 4 Actuarial Studies.
Credit points: 12.5
Coordinator: Dr David Dickson
Prerequisite: 300-304 Risk Theory
Contact: Three hours a week of lectures or tutorials.
Objectives:
On completion of this subject a candidate should be able to:
- apply utility theory to insurance problems;
- describe and apply principles of premium calculation;
- apply exact and approximate formulae to calculate the aggregate claims distribution for an individual risk model;
- calculate aggregate claims distributions and stop-loss premiums;
- find the probability of ultimate ruin in the classical risk model.
Content:
utility theory; premium principles; individual risk model; collective risk model; stop-loss reinsurance; ruin theory.
Assessment:
One three hour end-of-semester examination.
Actuarial Studies subject : Next:300-410 | Prev:300-402 | Search | Help
Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 193)
Status: Official 1996 Date created: Oct 9 1995 Last modified: Oct 9 1995 Authorised by: Academic Registrar Email enquiries: Course_Information@registrar.unimelb.edu.au
Maintained by: Dept. of Actuarial Studies, Faculty of Economics and Commerce.
Copyright © University of Melbourne 1995,1996.